40 Income Statement    
       
       
  Thrift Bank Group    
  as of end of periods indicated    
  amounts in thousand Pesos    
       
   
  Selected Accounts Mar-21  
   
  TOTAL OPERATING INCOME   18,791,634.50  
  Interest Income 20,288,129.20  
  Interest Expense 3,520,250.17  
  Provision for Losses on Accrued Interest Income from Financial Assets 94,023.76  
  Net Interest Income 16,673,855.28  
  Non-Interest income 2,117,779.22  
  (1) Dividend Income 4,084.18  
  (2) Fees and Commissions Income 1,643,715.59  
  (3) Trading Income (90,132.21)  
  (a) Realized Gains/(Losses) from Sale/Redemption (10,505.43)  
  (b) Unrealized Gains/(Losses) from Marking-to-Market (279,902.82)  
  (c) Realized Gains/(Losses) from FX Transactions 24,832.59  
  (d) Foreign Exchange Profit/(Loss) 23,698.09  
  (e) Profit/(Loss) from Sale/Redemption/Derecognition of Non-Trading Fin'l Assets & Liabilities (17,714.42)  
  (f) Profit/(Loss) from Sale/Derecognition of Non-Fin'l Assets 169,058.37  
  (g) Profit/(Loss) on Financial Assets and Liabilities DFVPL 401.41  
  (h) Profit/(Loss) on Fair Value Adjustment in Hedge Accounting 0.00  
  (4) Other income 560,111.66  
  NON-INTEREST EXPENSES 12,283,004.16  
  (1) Compensation/Fringe Benefits 4,065,452.52  
  (2) Taxes and Licenses 1,203,907.46  
  (3) Fees and Commissions 778,191.37  
  (4) Other Administrative Expenses 4,627,884.17  
  (5) Depreciation/Amortization 1,175,109.47  
  (6) Impairment Losses 254,596.05  
  (7) Provisions 177,863.13  
  LOSSES/RECOVERIES ON FINANCIAL ASSETS (1,999,415.33)  
  (1) Provision for Credit Losses on Loans & Other Fin'l Assets (2,215,192.07)  
  (2) Bad Debts Written Off (9,042.48)  
  (3) Recovery on Charged-Off Assets 224,819.22  
  NET PROFIT BEFORE SHARE IN THE PROFIT/(LOSS) OF UNCONSOLIDATED SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES ACCOUNTED FOR USING THE EQUITY METHOD 4,509,215.02  
  Share in the Profit/(Loss) of Unconsolidated Subsidiaries, Associates and Joint Ventures Accounted for Using the Equity Method (7,351.47)  
  TOTAL PROFIT/LOSS BEFORE TAX AND BEFORE MINORITY INTEREST 4,501,863.55  
  Income Tax Expense 1,763,412.19  
  TOTAL PROFIT/LOSS AFTER TAX AND BEFORE MINORITY INTEREST 2,738,451.36  
  Minority Interest in Profit/(Loss) of Subsidiaries 0.00  
  NET PROFIT OR LOSS 2,738,451.36  
       
Source : Department of Supervisory Analytics, Financial Supervision Sector, Bangko Sentral ng Pilipinas
Updated as of 7 May 2021